Contributors Technical Analysis USD/TRY: Under Pressure

USD/TRY: Under Pressure

Pivot (invalidation): 7.3960

Our preference Short positions below 7.3960 with targets at 7.3490 & 7.3300 in extension.

Alternative scenario Above 7.3960 look for further upside with 7.4130 & 7.4300 as targets.

Comment As Long as the resistance at 7.3960 is not surpassed, the risk of the break below 7.3490 remains high.

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